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Tuesday, October 07, 2008

Bailout Bounce...Oh Wait...Guess Not

A poorly conceived three-page plan for a massive financial bailout, a result of monsters created, primarily, by Democrats and an issue that grew worse because of their high degree of possessing Deep Denial, morphs into a 451-page tome.

That's $700 Billion $820-some BILLION, $700B for the bailout and around $120B of pork.

How did the market fair at the close of Monday?

Figures via MotleyFool:

DJIA 9,968.40, Down 356.98 (-3.46%)
S&P 500 1,057.88, Down 41.35 (-3.76%)
NASD 1,862.96, Down 84.43 (-4.34%)

Why, you'd almost think there wasn't any bailout at all!

This is not the end.


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